When the world’s largest social media network decides to become an ecommerce platform, you can bet it will impact the industry and make a difference long-term.
On May 19, 2020, Facebook added ecommerce Shops to Facebook business pages and Instagram business profiles.
To be certain, Facebook had already been dabbling in commerce before the announcement. The company had its Craigslist-like Facebook Marketplace and the ability to list and promote products on both Facebook and Instagram. But this is different. It is a significant step, and it may even be a disruptive form of social ecommerce.
Quite a lot has been going on:
8 Ecommerce Marketing Trends for 2020 - Business 2 Community
E-commerce is taking over the conventional drudgery of the brick-and-mortar stores just like any other trend with profound impact. It is gradually transforming the way people interact with their day-to-day requisites.
Penetration of the smartphone is, in turn, making a significant impact on the success of e-commerce. According to Statista , by 2020, the number of mobile users worldwide would surpass the mark of 3.5 Bn.
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E-commerce is the sole future of business and individuals are getting accustomed to using it. Every year, sensing the huge traction that e-commerce has on the state of mind of individuals, businessmen strive to distinguish their e-commerce platforms by adopting technological and marketing trends. In previous years, we saw a significant rise in modern payment methods, which was intended at offering consumers with the ease of shopping with check out 'at a tap'.
Ecommerce Sales Continued Explosive Growth in April
Driven by COVID-19 restrictions, ecommerce sales grew 49% between the early March shutdowns and the end of April, according to Adobe's latest Digital Economy Index, with large gains in curbside and store pickup and e-grocery as the retail world continues to reset.
During the period, daily online grocery sales more than doubled at a 110% jump, and electronics sales were up 58%. Grocery delivery service Instacart in particular is reaping great gains from e-grocery, seeing its first profit and selling $700 million worth of groceries in the first two weeks of April, according to The Information , up 450% since December.
New Kickstarter eCommerce Launch Kit Makes It Easier for B2B Businesses To Quickly Start Selling
Slatwall Commerce launches B2B eCommerce Kickstarter to roll out digital storefronts powered by an enterprise platform in as little as 2 months.
“The pandemic has transformed the B2B marketplace,” said David Crouch , CEO of Slatwall Commerce. “Traditional B2B sales channels are being challenged as buyers are looking online more than ever before, making an eCommerce solution vital for growth.”
Not to change the topic here:
OroCommerce Launches Free eCommerce Training for B2B Leaders
Participants will use a hands-on staging environment to explore the OroCommerce platform in real-time, and receive expert guidance to help them deploy native B2B features and adjust the platform to suit the specific needs of their own business.
The courses will be led by two senior Oro developers, each with more than 10 years of eCommerce experience working with Oro partners and clients. Participants will be able to ask questions and receive real-time guidance, benefiting from the instructors' deep understanding of the common pain points and tech blindspots facing B2B merchants.
Mota Ventures Signs LOI to Acquire Ecommerce Platform Leader Unified Funding, LLC, Which
VANCOUVER, BC / ACCESSWIRE / May 23, 2020 / Mota Ventures Corp. (CSE: MOTA )(FSE:1WZ:GR)(OTC: PEMTF ) (the " Company ") is excited to announce it has entered into a Letter of Intent (the " LOI ") dated May 21, 2020, to evaluate the acquisition (the " Proposed Transaction ") of Unified Funding, LLC (" Unified "). Since inception in 2015, Unified has generated a database of over one million customers and has facilitated over Cdn$375,000,000 in consumer transactions.
The Good News and Bad News for Ecommerce Shipping | Practical Ecommerce
Ecommerce sales are up, and shipping carriers such as USPS, UPS, and FedEx have responded admirably to demand in the face of coronavirus-induced shutdowns and restrictions.
“From the perspective of merchants, we’ve seen a large spike in overall volume,” said Mario Paganini, head of marketing for Shippo, a company that makes shipping integration software.
“Ecommerce is a rare bright spot amid challenging economic times. We’re seeing more traditionally offline businesses moving online along with increased order volume from existing ecommerce businesses,” Paganini said.
Is Facebook Shops the launch of a true social e-commerce solution? | The Drum
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Facebook this week launched its new Shops feature and in doing so moved a step closer to realising Mark Zuckerberg's ambition to emulate We Chat and their in-app commerce capabilities while also taking a swing at retailers of all shapes and sizes.
Shops will allow businesses to set up free storefronts on Facebook and Instagram. Previously, Instagram had been home to shoppable functions and was seen as the platform Facebook would use to drive its e-commerce ambitions. But with the announcement yesterday, Facebook firmly pushing to compete with Amazon, eBay and other online retailers in a serious way.
Happening on Twitter
Facebook is launching Shops, an e-commerce service that will allow businesses to display and sell products https://t.co/4syUaN12ZH Reuters (from Around the world) Wed May 20 23:15:00 +0000 2020
Today we're introducing Facebook Shops, an easy way for businesses to set up an online store on Facebook and Instag… https://t.co/U6el3QyDGH mosseri Tue May 19 17:17:18 +0000 2020
Facebook Shops is a new e-commerce service that will enable a business to set up an online store accessible via Fac… https://t.co/zpFGP2hUf6 Reuters (from Around the world) Thu May 21 03:15:00 +0000 2020
Facebook shares reached an all-time high today. Analysts *really* like its latest e-comm developments, with Morgan… https://t.co/hE8nCLQTo3 jbursz (from Manhattan, NY) Wed May 20 16:24:38 +0000 2020
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